Posts Tagged Pell Grant
Increases to College Financial Aid Coming – Will They Harm Or Help?
President Obama in his recently proposed budget is asking for substantial increases to college financial aid. This is not a surprise. There has been a lot of news coverage over the past several months about how student loans are harder to come by, how many loan companies have locked their doors, and how colleges endowments have taken a hit.
While the news coverage painted a picture of fund availability that was far more gloomy than reality; an increase in federal funds was virtually inevitable. Only social security is probably a greater hot button issue than helping students pay for college. So how will these changes affect students on the way to college and those already there? The answer is two-fold…
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Increases to College Financial Aid Coming – Will They Harm Or Help?
President Obama in his recently proposed budget is asking for substantial increases to college financial aid. This is not a surprise. There has been a lot of news coverage over the past several months about how student loans are harder to come by, how many loan companies have locked their doors, and how colleges endowments have taken a hit.
While the news coverage painted a picture of fund availability that was far more gloomy than reality; an increase in federal funds was virtually inevitable. Only social security is probably a greater hot button issue than helping students pay for college. So how will these changes affect students on the way to college and those already there? The answer is two-fold…
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Online Colleges Is Financial Aid Available?
One of the frequently asked questions about attaining an education is whether or not financial aid is available. This is a very legitimate question to ask in regards to online colleges.
Typically, online colleges participate in many of the same grant and loan programs as traditional colleges and universities. Financial aid programs, such as the Federal Pell Grant is designed to help students with tuition cost. Another program, known as the Federal Supplemental Education Opportunity Grant, commonly referred to as “FSEOG,” is a grant program that is awarded and based on extreme financial need. This particular grant is often facilitated by students who are seeking a conventional or online degree.
Colleges online will frequently take part in loan programs like the Federal Stafford Student Loan, and additional loan programs as well. Just like any traditional schools, online colleges will provide information to students about filling out the FAFSA (Free Application for Federal Student Aid) online, and encourage prospective students to do so.
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